Target plans to cut prices on thousands of consumer basics this summer, from diapers to milk, as inflation cuts into household budgets and more Americans pay closer attention to their spending. The price cuts, already applied to 1,500 items, will eventually include 5,000 food, drink and essential household goods. Target and other retailers are increasingly catering to customers who are struggling with higher prices for groceries, though inflation has begun to cool. Many of them have switched to private label brands sold by Target and others big retailers, which are typically less expensive than well-known brands. Target launched one such collection in January called Dealworthy which includes nearly 400 basic items, ranging from clothing to electronics, that can cost less than $1, with most items under $10. Last week, McDonald’s said that it was planning to introduce a $5 meal deal in the U.S. next month to counter slowing sales and customer frustration with higher prices. Walmart posted strong quarterly sales last week driven by a influx of customers, including households with incomes of more than $100,000, looking for bargains. |
Is there anything Ozempic can't do? Now weightLazy or genius? It's the gadget that's becoming a mustFrom House Sparrows to Blue Tits: The stunning birds spotted the most often in UK gardensNasa vs Nessie: Space agency asked to assist new hunt...Georgia Steel risks an awkward runWho's a clever boy? Dogs excel in different intelligence tasksWoman's rare disease causes 20I banned my wedding guests from wearing colourful clothesJapanese astronaut to be first nonRuapehu Alpine Lifts gets $7m bailout from government